Ashok Leyland, Nissan launch first vehicle

Chennai: The joint venture between Ashok Leyland Ltd and Nissan has launched its first vehicle, a 1.25 tonne light commercial vehicle (LCV) being made at the Indian company’s Hosur manufacturing facility.

Ashok Leyland Nissan Vehicles Ltd. will make two more LCVs from this plant in the next three years before moving to a brand new site, where the second phase of production will begin, said V. Sumantran, chairman, Nissan Ashok Leyland Power Train Ltd.

The joint venture has used 50% of its planned initial investment of Rs2,300 crore.